Varma Mutual Pension Insurance Co Purchases New Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Varma Mutual Pension Insurance Co. acquired 53,114 shares of NXP Semiconductors worth approximately $14.9 million, while institutional investors collectively own 90.54% of the company.
• NXP reported strong quarterly results, with EPS of $3.61 beating estimates and revenue rising 19.5% year over year to $3.50 billion. The company also pays an annualized dividend of $4.06 per share, yielding about 1.8%.
• Analyst sentiment remains positive, with 16 Buy, nine Hold, and one Sell rating; the stock carries a “Moderate Buy” consensus and an average price target of $305.43.

Varma Mutual Pension Insurance Co acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,114 shares of the semiconductor provider's stock, valued at approximately $14,927,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC bought a new position in NXP Semiconductors in the 3rd quarter valued at about $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $27,000. Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

NXPI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Evercore raised their target price on NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, August 17th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $225.56 on Monday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $56.88 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.82. The stock has a fifty day simple moving average of $265.95 and a 200 day simple moving average of $252.50.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $2.72 earnings per share. NXP Semiconductors's revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors's payout ratio is presently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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